There’s a ton of information on finding foreclosures in New Jersey, and lots of services that will charge you for access to their data. In fact, we have our own foreclosure property listings in New Jersey right here. Join our Foreclosure Property Alert List here >>

But…

How do you tell the difference between credible information and useless marketing gimmicks with local Foreclosure properties?

Some services – like foreclosure.com – are doing a great job consolidating information from many sources. Investors like us use them all the time, because it’s cheaper and faster to use their information rather than combing through the classifieds ourselves. But the major drawback with online services like that is the information in them can be a tad old.

You may be looking at foreclosures that other investors who got their info direct from the courthouse got weeks or months ago.

Lots of real estate agents who “specialize in foreclosures” publish their own lists, but these are often just marketing gimmicks to trade your contact info for stale goods.

There’s no harm in signing up for free lists – if the info is no good, just unsubscribe.

You’ll probably spend a lot of time getting excited about properties that are already sold or no longer available, but that’s part of the learning curve when you’re just starting out in the foreclosure market.

When you’re evaluating a new list to see if it’s worthwhile, compare the properties on the list to what’s published in other lists.

If you consistently don’t see any new or exclusive information on the list that you can’t get elsewhere, don’t use it.

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